Performance figures for each account are calculated using time weighted rate of returns on a daily basis. The Composite returns are calculated based on the asset-weighted monthly composite constituents based on beginning of month asset mix and include the reinvestment of all earnings as of the payment date. Composite returns are as follows:

PODCAST

Market Commentary: 2020 Market Outlook, Climate Change, Global Politics and its Effects on the Markets.

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00:17:45

PostedJanuary 28, 2020

Episode Summary

Rob Edel, Chief Investment Officer at Nicola Wealth, joins the Wealth Exchange podcast to provide a Market Commentary with host Ethan Astaneh. Together, they will be taking a look back at Q4 2019 and what 2020 has in store for the markets.

They discuss the key themes on the market and what that means for the 2020 markets. This includes the continuing trade war, the 2020 election, future economic and the monetary policy, and some of the current headlines.



Key Takeaways


Timeline
Content
[00:00:32]
About today’s episode.
[00:00:51]
Ethan welcomes back Rob Edel to the podcast.
[00:00:56]
Rob brings listeners up to speed on the U.S.-China trade war, explains what has developed over the last quarter, and gives his predictions for the market next year.
[00:3:18]
In Rob’s last commentary, he made reference to the U.S.-China trade war almost being a ‘cold war’-type long arc story in that it’s a competition in many aspects. Is that one of the reasons why Rob feels this trade war is going to be such a long arc story?
[00:4:25]
Rob gives some updates and predictions on the upcoming 2020 U.S. election.
[00:6:36]
Which markets will be most impacted due to the trade war, the 2020 election, the economy, and the monetary policy?
[00:7:53]
Rob explains what is currently giving him confidence in the economy and why he doesn’t see a recession in the future.
[00:8:37]
Rob highlights some notable factors that listeners should be aware of from an economic perspective outside of the U.S.
[00:10:15]
Rob explains what could lead to inflation.
[00:12:55]
Rob and Ethan touch on some events in current headlines, such as heating up in the Middle East and the conflict now with the U.S.’s involvement.
[00:14:53]
Continuing to take a look at current headlines, Rob shares his current thoughts on Brexit.
[00:15:43]
Lastly for current headlines, Rob speaks about climate change and the brush fires of Australia.
[00:16:52]
Ethan thanks Rob for his time today and wraps up this week’s episode.

Mentioned in this episode

The Wealth Exchange Episode: “Market Commentary: Slowing Global Growth and the Upcoming U.S. Election”

Episode Featured on:


The Wealth Exchange

The Wealth Exchange podcast provides insight, innovation, and access to the experts on a wide range of topics affecting affluent families across Canada. Join our team of hosts as they sit down with leaders and changemakers from around the globe to discuss investing, leadership, philanthropy, entrepreneurship, and more.


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Guest Bio


Rob Edel

Rob is the Chief Investment Officer at Nicola Wealth.

Before joining the team at Nicola, Rob spent nine years working for one of Canada’s largest money managers and — most recently — as a Portfolio Manager responsible for managing U.S. equities for the firm’s high net worth clients. Previous to that, he spent seven years working for the Treasury Department of a Major Canadian Chartered Bank, splitting his time between Vancouver and Toronto. Rob has completed his CFA and is a member of the Association for Investment Management and Research (AIMR).

For his full bio, visit: NicolaWealth.com/Our-Team/Rob-Edel



About The Host - Ethan Astaneh

Ethan is a Financial Advisor in the firm’s Vancouver office. He provides strategic advice to high net worth business owners, professionals, and retirees, and offers his clients a wide range of financial services, including; retirement income planning, business succession, and continuation planning, investment management, tax and estate planning, charitable giving, and intergenerational wealth transfer.

For his full bio, visit: NicolaWealth.com/Our-Team/Ethan-Astaneh

For More Information on this Week’s Episode, Visit:

www.NicolaWealth.com/Category/Podcasts



Disclaimer

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM Fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.